Morgan Stanley | Global financial institutions. We revise our order of preference. This list represents the stocks where there is greater conviction at a global level with a time frame of 3-6 months. We periodically revise this list to make it more dynamic and reflect the changes in vision and market conditions. Today we are incorporating Caixabank to that list (we are 10% above consensus and there is a risk on the upside as we are only including 50bp of rate hikes in the Eurozone until end-2023 vs the market which is discounting 200bp). The other European banks which were already included are BNP and Commerzbank.
CaixaBank joins the list of more preferred financial entities for next 3-6 months
Caixabank joins list of most preferred lenders on 3-6 mths horizon
